Pretty choppy, pretty slow, pretty uneventful sums up today's action. Range was 11.75 handles, though volume was about average.
Don't like these daily candles. Small bodied spinning tops/doji like.
I really don't have a perferred count. I show several possibilities on chart. My guess is that we either have a triangle in play or some complex 4 wave.
It's also possible that i'm worried about nothing and we have put in some i-ii, [1]-[2]'s and it's ready to take off. Problem with this count is the internals are not matching up.
If we are tracing a triangle, my bet is that d has not completed and needs additional work, as talked about in eChat. Remember that triangle leg's need to be 3's. d appears to be a 5.
As mentioned last night, it feels like my count should be further along in the process than what I have it at.
I do have some fib projections (white) on the chart that are taken from the 1018.25 L, 1038 H, and 1020.25 L.
I would expect some type of resolution of whatever the structure is tomorrow (I hope).
FWIW I'm long 1023 with a 1020 stop.
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